Perth-based gold explorer Primary Gold will raise up to $2.4 million for its Toms Gully mine at the Mt Bundy gold project in the Northern Territory with its appointed lead manager Patersons Securities to underwrite up to $1 million to the rights issue.
Bulletin Resources has enlisted its major shareholder Matsa Resources to acquire up to a 75 per cent interest for its Halls Creek gold projects in a $4.4 million binding term sheet.
Forge Group shares have risen on news it has secured a $40 million contract, helping to repair an 80 per cent single-day nose dive in late November when it announced a $127 million profit writedown on two power stations.
Resources companies will turn to foreign workers to service $200 billion worth of oil and gas projects in the coming years unless there is greater investment in skills training, a new report has warned.
A group of large industrial gas users has urged Premier Colin Barnett to stand firm in insisting the Woodside-led Browse gas project is developed onshore.
Freight rail operator Aurizon says no extra jobs will be lost as it shrinks the size of its rail fleet and finalises the termination of a Queensland project.
Perth-based GR Engineering Services has diversified from mining into the oil & gas sector, with the purchase of Melbourne company Product Solutions for $5.75 million.
Nedlands-based potash explorer Reward Minerals has copped a speeding ticket from the ASX after its shares soared more than 56 per cent higher in the space of a week.
Shares in Perth-based oil and gas explorer Kinetiko Energy have tanked after the company emerged from a trading halt with news of a heavily discounted share placement.
Perth-based Xstate Resources have dropped their target of gaining 100 per cent control of Bombora Energy in an amended heads of agreement that will see them acquire 75.9 per cent of the shares on issue.
Gold prices have slipped after a bipartisan US budget deal soothed fears of a year-end budget crisis, sapping some of the recent investor appetite for the haven asset.
Atlantic chairman and managing director Michael Minosora has predicted a doubling in production volumes this month, as the vanadium and iron ore miner moves toward breakeven on its operating cash flow.
Engineering and construction company VDM Group will look to strengthen its balance sheet through an $18.7 million capital raising, with the company's major shareholder H&H Holdings contributing $9 million to the finance boost.
BHP Billiton is backing the US gas boom to continue and says exports from there could start within three years, which could be bad news for Australia's rival projects.
South Perth-based Alcyone Resources is on the hunt for new investment opportunities after securing a $25 million credit facility with New York investment management firm Platinum Partners.
Mining giant Rio Tinto is still trying to find out what caused a toxic spill at its Rossing Uranium mine in Namibia - the company's second major radioactive incident this month.
Subiaco-based gold explorer Ampella Mining has recommended its shareholders approve a proposed $41 million off-market takeover bid from Egypt-focused miner Centamin.
BHP Billiton chief Andrew Mackenzie says his main aim is not growing volumes, confirming plans to cut capital expenditure by 25 per cent this year and further next year.
New Standard Energy plans to diversify its interests in the oil and gas sector by completing a farm-in agreement in the Cooper Basin in South Australia and acquiring 5,182 acres in a Texas oil shale asset.
Shares in Perth-based explorer Krakatoa Resources have soared on the back of the company signing a strategic alliance with Indonesian iron ore miner Sitasa Group.
